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February 2012
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April 2012

March 2012

Bank of America to Refine Short Sale Process; Introduces 2 Required Documents

Bank of America has announced changes to the Short Sale Process to begin April 14 to improve the task flow in Equator and processing times.

The new Bank of America short sale process will enable short sale specialists to complete tasks such as document collection, valuations and underwriting at the same time, reducing the time from initiation to closing.

Before April 13, you must complete the Submit Short Sale Offer, Upload Offer Documents and Upload Supporting Documents tasks in Equator for all short sales submitted with an offer. Your file may be declined if these tasks are not completed prior to April 13.

Starting April 14, five documents will be required for short sales initiated with an offer:

All messaging will remain in Equator. Agents will receive a standard notice to log in and retrieve their messages.

New Timeframes: Five (5) days to submit a backup offer when a buyer has walked.

 

WEBINAR on New Changes to Bank of America Short Sales

Click here to register for this webinar.

  • Date: Monday, April 2
  • Time: 4-5 p.m. Eastern

    Topics include:

    • How improvements to the short sale process will help you and your clients
    • What you should do before the process begins to keep your active short sales moving
    • The benefits of initiating a short sale before you receive an offer
    • Ongoing agent short sale resources and support

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Achieving Productivity: How to Set Boundaries and Focus on Doing One Thing at a Time

productivity tipsIn his article, "The Magic of Doing One Thing at A Time", author Tony Schwartz is spot on summing up the reality of today's world of instant communication and gratification where we never seem to stop, unplug or slow down.  

We all seem to be handling so much more these days.  Maybe it's just me... but time seems to be speeding up and there is always more things on the to do list then what I actually checked off as completed.

 

I found these three recommendations to be incredibly insightful and ones that I am integrating into my daily routine... especially number 3 :)   Time to plan that next vacation and really unplug.

1. Do the most important thing first in the morning, preferably without interruption, for 60 to 90 minutes, with a clear start and stop time. If possible, work in a private space during this period, or with sound-reducing earphones. Finally, resist every impulse to distraction, knowing that you have a designated stopping point. The more absorbed you can get, the more productive you'll be. When you're done, take at least a few minutes to renew.

2. Establish regular, scheduled times to think more long term, creatively, or strategically. If you don't, you'll constantly succumb to the tyranny of the urgent. Also, find a different environment in which to do this activity — preferably one that's relaxed and conducive to open-ended thinking.

3. Take real and regular vacations. Real means that when you're off, you're truly disconnecting from work. Regular means several times a year if possible, even if some are only two or three days added to a weekend. The research strongly suggests that you'll be far healthier if you take all of your vacation time, and more productive overall.

 

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